Ashok Leyland shares down 0.45% as Nifty drops

economictimes.indiatimes.com:

Ashok Leyland Ltd. traded 0.45 per cent down in Monday's trade at 01:49PM (IST). Around 585,181 shares changed hands on the counter.
The stock opened at Rs 199.25 and touched an intraday high and low of Rs 199.25 and Rs 190.05, respectively, in the session so far. The stock of Ashok Leyland Ltd. quoted a 52-week high of Rs 205.1 and a 52-week low of Rs 144.2.

As per BSE, the total market cap of the Ashok Leyland Ltd. stood at Rs 58198.01 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 11119.45 crore for the quarter ended 31-Dec-2023, down 3.0 per cent from previous quarter's Rs 11463.03 crore and down 6.61 per cent from the year-ago quarter's Rs 10430.39 crore.
The net profit for latest quarter stood at Rs 560.21 crore, up 75.59 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Mar-2024, DIIs held 5.79 per cent stake in the company, while foreign institutional investors held 21.28 per cent and the promoters 0.0 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 21.9 and a price-to-book ratio of 4.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Ashok Leyland Ltd. belongs to the Auto — Cars/UV/CV industry.